Cuba to open hotel sector to management by Cubans at home and abroad after chains leave island

Cuba's government announced it will open hotel management to Cuban investors, both domestic and abroad, following the withdrawal of hotel chains like Melia, Royalton, and Iberostar due to U.S. sanctions. The move comes as tourism declines amid economic challenges linked to the U.S. embargo, with President Miguel Díaz-Canel promoting new business models for hotel operations.